On December 12, 2018, an equity investment costing $81,000 was sold for $102,000. The investment was carried in the balance sheet at $76,000, and was accounted for under the equity method. An error was made in which the total of the sale proceeds was credited to the investment account. Required: 1. & 2. Prepare the following journal entries (Ignore income taxes). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)